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Sunny Optical Technology Group Co Ltd
HKEX:2382

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Sunny Optical Technology Group Co Ltd Logo
Sunny Optical Technology Group Co Ltd
HKEX:2382
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Price: 40.1 HKD 1.39% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Sunny Optical Technology (Group) Co. Ltd. engages in the design, manufacture, and sale of optical and optical devices products. [ Read More ]

The intrinsic value of one Sunny Optical Technology Group Co Ltd stock under the Base Case scenario is 85.99 HKD. Compared to the current market price of 40.1 HKD, Sunny Optical Technology Group Co Ltd is Undervalued by 53%.

Key Points:
Intrinsic Value
Base Case
85.99 HKD
Undervaluation 53%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Sunny Optical Technology Group Co Ltd

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Fundamental Analysis

Sunny Optical Financial Struggles Amid Growth
2023-Q2 Earnings Call

Sunny Optical Financial Struggles Amid Growth

Sunny Optical experienced a challenging first half, with the smartphone sector still bottoming out, which is the company's largest revenue source. Despite strong vehicle lens set business, overall revenue dropped by 15.9% to CNY 14.2 billion, and net profit earnings per share plunged by 67.8%. Operating expenditures are up, and gross profit margin has decreased due to the downturn in smartphone demand, but efforts to improve efficiency are expected to bring operating expenses under 12%. The company sees vehicle-related products growing, while investments continue across XR business, new factories, and tech upgrades totaling CNY 2.5 billion. Optimism is geared towards the second half with improving gross profit margins, enhanced cost efficiency, and R&D advancements, including a focus on autonomous driving and XR deployments.

Financials

Balance Sheet Decomposition
Sunny Optical Technology Group Co Ltd

Current Assets 32B
Cash & Short-Term Investments 20.6B
Receivables 6.4B
Other Current Assets 5B
Non-Current Assets 14.7B
Long-Term Investments 3B
PP&E 11.2B
Intangibles 224.7m
Other Non-Current Assets 246.4m
Current Liabilities 18.2B
Accounts Payable 4.6B
Accrued Liabilities 1.7B
Other Current Liabilities 12B
Non-Current Liabilities 6.7B
Long-Term Debt 5.1B
Other Non-Current Liabilities 1.6B
Efficiency

Earnings Waterfall
Sunny Optical Technology Group Co Ltd

Revenue
30.5B CNY
Cost of Revenue
-25.3B CNY
Gross Profit
5.2B CNY
Operating Expenses
-3.6B CNY
Operating Income
1.6B CNY
Other Expenses
-141.1m CNY
Net Income
1.5B CNY

Free Cash Flow Analysis
Sunny Optical Technology Group Co Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
What is Free Cash Flow?
Fundamental Scores

Profitability Score
Profitability Due Diligence

Sunny Optical Technology Group Co Ltd's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Positive 3-Year Average ROE
Positive 3-Year Average ROIC
Positive Free Cash Flow
Positive Gross Profit
51/100
Profitability
Score

Sunny Optical Technology Group Co Ltd's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Sunny Optical Technology Group Co Ltd's solvency score is 61/100. The higher the solvency score, the more solvent the company is.

Negative Net Debt
Low D/E
High Altman Z-Score
Long-Term Solvency
61/100
Solvency
Score

Sunny Optical Technology Group Co Ltd's solvency score is 61/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Sunny Optical Technology Group Co Ltd

Wall Street analysts forecast Sunny Optical Technology Group Co Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Sunny Optical Technology Group Co Ltd is 76.75 HKD with a low forecast of 51.22 HKD and a high forecast of 103.74 HKD.

Lowest
Price Target
51.22 HKD
28% Upside
Average
Price Target
76.75 HKD
91% Upside
Highest
Price Target
103.74 HKD
159% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Sunny Optical Technology Group Co Ltd

1M 1M
-22%
6M 6M
-25%
1Y 1Y
-57%
3Y 3Y
-76%
5Y 5Y
-55%
10Y 10Y
+478%
Annual Price Range
40.1
52w Low
39.55
52w High
97.5
Price Metrics
Average Annual Return 15.09%
Standard Deviation of Annual Returns 51.76%
Max Drawdown -84%
Shares Statistics
Market Capitalization 44B HKD
Shares Outstanding 1 096 770 048
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Sunny Optical Technology Group Co Ltd Logo
Sunny Optical Technology Group Co Ltd

Country

China

Industry

Electrical Equipment

Market Cap

44B HKD

Dividend Yield

0.5%

Description

Sunny Optical Technology (Group) Co. Ltd. engages in the design, manufacture, and sale of optical and optical devices products. The company is headquartered in Ningbo, Zhejiang. The company went IPO on 2007-06-15. The firm operates its business through three segments: Optical Components, Optoelectronic Products and Optical Instruments. Through its subsidiaries, the Company is also engaged in the research and development of infrared technologies. The firm distributes its products in domestic market and to overseas market.

Contact

ZHEJIANG
Ningbo
No. 27-29, Shunke Road, Yuyao City
+8657462538080.0
http://www.sunnyoptical.com

IPO

2007-06-15

Employees

22 723

Officers

Founder & Chairman
Mr. Liaoning Ye
CEO, President & Executive Director
Mr. Yang Sun
Founder & Honorary Chairman
Mr. Wenjian Wang
Executive VP & Executive Director
Mr. Wenjie Wang
CFO, VP & Joint Company Secretary
Mr. Jianfeng Ma
Senior Investor Relations Director & Joint Company Secretary
Ms. Pui Ling Wong
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Associate IR Director
Ms. Yanfeng Christina Liu
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See Also

Discover More
What is the Intrinsic Value of one Sunny Optical Technology Group Co Ltd stock?

The intrinsic value of one Sunny Optical Technology Group Co Ltd stock under the Base Case scenario is 85.99 HKD.

Is Sunny Optical Technology Group Co Ltd stock undervalued or overvalued?

Compared to the current market price of 40.1 HKD, Sunny Optical Technology Group Co Ltd is Undervalued by 53%.